General Mills Inc (GIS)

Number of days of payables

May 31, 2025 May 31, 2024 May 26, 2024 May 31, 2023 May 28, 2023
Payables turnover 3.18 3.24 -1.23 3.23 -1.09
Number of days of payables days 114.70 112.61 112.99

May 31, 2025 calculation

Number of days of payables = 365 ÷ Payables turnover
= 365 ÷ 3.18
= 114.70

The analysis of General Mills Inc.'s number of days of payables over the specified periods indicates the company's operational liquidity and creditor payment practices. As of May 31, 2023, the payables period was approximately 113 days, suggesting that the company typically takes around 113 days to settle its accounts payable, which aligns with standard industry practices. There was no data available for May 28, 2023, and May 26, 2024, indicating either a lack of reporting or data not being captured for those specific dates.

By May 31, 2024, the number of days of payables slightly decreased to approximately 113 days (specifically 112.61 days), suggesting a marginal shortening in the period taken to pay suppliers. This could imply enhanced liquidity management or slight shifts in supplier terms.

Looking forward to May 31, 2025, the payables period increased modestly to approximately 115 days (specifically 114.70 days), indicating that the company may have extended its payment terms or is strategically delaying payments to optimize cash flow.

Overall, the payables period demonstrated minor fluctuations over the observed periods, remaining within a range slightly above 112 days. This consistency reflects a stable approach towards accounts payable management, with a slight upward trend suggesting a possible shift toward longer payment cycles.


Peer comparison

May 31, 2025

Company name
Symbol
Number of days of payables
General Mills Inc
GIS
114.70
Ingredion Incorporated
INGR
Kellanova
K
Post Holdings Inc
POST
31.43
WK Kellogg Co
KLG
72.05

See also:

General Mills Inc Average Payables Payment Period